Insight

TCRS approves $100m commitment

The Nashville-based public pension has re-upped with Stone Point Capital.

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Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, United States
AUM: $62.45 billion
Allocation to alternatives: 26.2%

Tennessee Consolidated Retirement System approved a $100 million commitment to Trident IX at its August 2021 investment committee meeting, a contact at the pension informed Buyouts.

The pension previously committed $120 million to the vehicle’s predecessor, Trident VIII, which held a final close at $7 billion in July 2019, exceeding its target of $5.75 billion.

As illustrated below, TCRS allocates 9.8 percent of its full investment portfolio to private equity. The pension’s recent private equity commitments have been mainly focused on investments in North America and Europe employing a venture capital or buyout strategy.

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